May 11, 2020

S&P 500 edges higher as tech, healthcare shares shine

The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus […]
May 11, 2020

Oil falls on fears of second coronavirus wave

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply […]
May 11, 2020

California should do whatever’s needed to help Tesla reopen car factory: Mnuchin

California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday. […]
May 11, 2020

BA owner says burning cash, quarantine plan will make it worse

British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation […]
May 11, 2020

Pandemic could rip 105 billion pound hole in small company finances

Britain’s smaller companies could be saddled with up to 105 billion pounds ($129 billion) in “unsustainable” debt by March next year that will need recapitalising, a […]
May 11, 2020

Wizz Air tells UK: we need more detail on quarantine

Wizz Air needs more details on British plans to quarantine travellers before it can assess their impact after seeing strong demand for the routes it has […]
May 11, 2020

KKR builds 5.2% stake in ProSieben, says company undervalued

Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in the […]
May 11, 2020

Global equities markets sink, bonds rise on fears of second wave of infections

A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the dollar […]
May 11, 2020

U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow money […]
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